Inheritance tax row: ‘Will go back to era when Congress imposed...,' warns Nirmala Sitharaman
inheritance tax is implemented and the country will go back to the era when Congress imposed a 90% tax. The senior BJP leader stated that the inheritance tax directly hits the middle and aspirational classes as their hard work is saved in small savings from which they buy a house.
“All this is going to be exposed to the so-called property tax," she told media persons. “It (Inheritance Tax) directly hits the middle class and aspirational class.
They work hard, sweat and toil of theirs are saved in small savings here and there, or they buy a house, and keep some fixed deposits," the minister said. “If such wealth creators are going to be punished purely because they have some money kept behind, India's progress in the last ten years would just go for a zero.
And we'll probably be going back to that era when Congress imposed a 90% tax," she added. (Please check back for more updates)Milestone Alert!
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